信用货币理论再思考

Rethinking the Theory of Credit Money

信用货币理论得到了越来越多人的认可,不过现有文献多关注信用货币理论在货币创造方面对传统货币银行理论的修正,而对与信用货币理论相关的其他问题关注不足。该文结合货币理论和国家资产负债表思想,研究了银行体系不同发展阶段的货币创造特征、银行体系下的经济运行的过程以及金融体系协助储蓄向投资转化的方式等与信用货币理论相关的几个问题。该文对于深入理解信用货币理论及其在现代金融实践中的应用具有一定的价值。

The theory of credit money has been recognized by more and more people.However,the existing literature pays more attention to the amendment of the theory of credit money to the traditional money bank theory in the aspect of money creation,and pays little attention to other issues related to the theory of credit money.This article combines credit money theory and the idea of national balance sheet to study several issues related to credit money theory,like the characteristics of money creation in the different development stages of the banking system,the process of economic operation under the banking system,and the ways in which the financial system assists in the conversion of savings to investment,etc.This article has a certain value for deep understanding of credit currency theory and its application in modern financial practice.